Lenders - Loan Recovery/Workout Recovery of Secured and Unsecured Obligations in Vermont

Our firm has over 30 years of extensive experience in helping lenders recover delinquent obligations, secured and unsecured, from individual and business debtors located anywhere in Vermont. We operate on an hourly rate basis. Attorney’s fees and other costs, as well as ongoing interest, are normally added to the amount of the debt and recoverable out of the debtors’ assets.

Mortgage Foreclosures, Other Secured Obligations
We represent lenders in mortgage foreclosures and other legal procedures to recover debts secured by real estate or other collateral.

Unsecured Obligations
We also assist lenders in recovery of unsecured debt (such as balances remaining after foreclosure or repossession of collateral; credit card debt; loans which were originally unsecured; obligations of guarantors; etc.). Many attorneys are reluctant to handle this type of claim. Over the years, however, we have developed procedures and experience in locating and attaching assets and income of such debtors, which produce profitable results for us and our clients.

Some lenders use collection agencies to recover unsecured debt. However, a collection agency is limited to contacting the debtor by mail and phone, to try to persuade him to pay voluntarily. An attorney is not limited to that approach, and can take legal action to obtain payment directly from assets or income of the debtor.

Bankruptcy Representation
If a debtor on a secured or unsecured obligation files for bankruptcy, we represent the lender in the Bankruptcy Court proceeding, to make sure that our client receives the maximum recovery to which it is entitled under the circumstances.